About this episode
(1/24/23) A declining trendline is being met by a rising trendline of lows from the bottom of the market, established back in October. The compression of prices coincided with an inverse head-and-shoulders bottoming-pattern, setting up markets for a bullish advance. All of this flying in the face of conventional market wisdom: Everything's bad this year, we're going to have a recession, and earnings are going to slow down, the Fed's hiking interest rates, and we've got inflation...and in the midst of all this negativity, the markets have been putting in a much more bullish picture, bringing us to a critical juncture. Markets yesterday broke out of the 200-DMA and that declining trend line, and in the words of Loverboy's "Working for the Weekend," 'everybody's looking to see what it does now.' Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=_gUnNXjBj1k&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #MarketTechnicals #200-DMA #50-DMA #PricePressure #MarketConsolidationi #MarketCatalyst #Markets #Money #Investing